Maryland Court Invalidates Maryland’s First-of-Its-Kind Digital Ad Tax

A Maryland state court struck down the state’s Digital Advertising Gross Revenues Tax (“Digital Ad Tax”) as invalid under both the federal Internet Tax Freedom Act (“ITFA”) and U.S. Constitution.

Enacted February 12, 2021, Maryland’s Digital Ad Tax by its terms applies to any person with at least $1 million of annual gross revenues from digital advertising services in Maryland and global annual gross revenues of at least $100 million. The tax applies broadly to […]

By | October 15th, 2022 ||

IRS Announces Increased Gift And Estate Tax Thresholds For 2023

The Internal Revenue Service (IRS) recently announced key gift and estate tax thresholds for the 2023 tax year. Because the IRS adjusts these threshold amounts annually for inflation, it may come as no surprise that amounts will rise in the upcoming year.

The lifetime gift and estate tax exemption will increase by $860,000 to $12,920,000 per person. The annual gift tax exclusion amount will also increase to $17,000 in 2023, with some exceptions. These exceptions […]

By | October 12th, 2022 ||

Recent Tax Developments Concerning Administrative Law Issues

We have written extensively on the intersection of tax law and administrative law, specifically on how the Administrative Procedure Act (APA) and the Anti-Injunction Act (AIA) factor into tax cases. In a recent article for the ABA Tax Times, Kristin E. Hickman, a leading authority in the fields of tax administration, administrative law and statutory interpretation, discusses several tax opinions from 2022 concerning APA issues. We think this article is a must-read for taxpayers and practitioners.

For some […]

By | October 10th, 2022 ||